Nelson Nash Explains Infinite Banking (Video)

Nelson is the man! I found him via Chris N. Then the algorithm sent me more. in this video I directly asked Nelson Nash the author of becoming your own banker and the creator of the infinite banking concept what is infinite Banking and in Nelson’s words he explains what is infinite Banking and he also talks about why Raider return should not be a sole Focus or even we should pay attention at all as relates to the infinite banking concept I sat down with Nelson and aired this interview on our podcast in 2018 and this is a way for us to preserve his legacy because now he is no longer with us but his books have sold over 400 000 copies and has created such an impact as it relates to what is infinite Banking and so if you want to learn more about his book or if you just want to learn more about infinite banking if you want to learn more about life insurance and see your numbers we have links and resources down below we as a company would love to help you take back control of your wealth using this strategy and so without further Ado here’s Nelson in his own words so for the listeners on this podcast that like okay they get they get the concept they understand okay banking is the most profitable business in the world we Finance everything that we purchase we need to start taking the headwinds in our life and turning it into Tailwinds we have to beat the human elements that are taking us behind we have to take control of our life true then you kind of get into some things that kind of are controversial I by the way when I first started in this business I hated the idea of life insurance and it was because of your book that totally changed my well why did you hate it because I because I thought it was a terrible place to put you where did you learn that in financial planning um 101 yes that life insurance was our need for death benefit so for the listeners this is this is what the infinite banking concept is at at its basic form then I want you to kind of take take over okay and explain more so you have your your money your money’s got to flow somewhere yes the very best place for it to flow is dividend paying whole life insurance it’s always it works there and I want you to explain that first time your money is in these dividend paying contracts they’re gonna grow the rest of your life yeah but your your need for finance is your greatest Financial need and so you borrow against that those policies to go purchase the things in your life sure and then redirect the money that you were paying to other institutions and repay that back to the insurance company so can you can you explain why life insurance and why that concept is so revolutionary and can change people’s lives it’s the only place uh that performs uh ideally or this sort of thing well you know you can uh put money uh in a hole in the ground not in the backyard uh so forth and uh you can go get money out of that buy something and then pay back to the hole in the ground but look oh the time that it was in the ground how much is it earning huh zero well uh in life insurance it’s always at work either with you or with somebody else out there uh it’s not something sitting there in a lock box of any kind of or whatever uh people don’t realize that uh uh in reality that uh this concept is like um a trust agreement uh people love the idea of trust and so forth and one of our practitioners uh visualize this several years ago he says this is just like a trust isn’t it yes uh he says you have a grand toll you have a trustee and you have a beneficiary now the trust did not exist until the grantor created it he was the originate of everything all right so uh he uh puts property into the trust it becomes the the uh oh the owner becomes the owner is the trustee at that point they the grandchild does not own it anymore all right now that trustee has got to put it to work uh in order to carry out the provisions of the uh intent of the trust uh for the beneficiary or the uh uh Grand Tour now all the places he can’t put the property to work is with the grand tour right uh they’re two different people now uh when you understand that when you buy a life insurance policy that did not exist until you created it right you’re The Grand Tour you pay premiums that becomes the property of the insurance company the trustee they’re compared to work in various incentive places that are describe in my book uh now all those places they can put to work is with you right uh you see you gotta learn to wear two hats uh you’re the banker and uh your best customer would be you correct and but you know you got to understand don’t steal from the system right if you don’t lend uh money to somebody’s gonna not pay it back but see that’s one of the biggest problems out there that people got this disease I think that this is a cool place to store uh money uh the medium Exchange uh during your lifetime and getting over that hurdle is the biggest problem right well it’s so simple that uh it’s it’s almost ridiculous uh but you see there are people who do catch on out there but they got to be they got to realize they have a problem right they got a Warner yeah uh and uh we’re looking for people that know they have a problem and they want to find a way out it’s like Jesus Christ as that guy that was sitting inside the pool of all those years and uh you know the deal was that first one in the pool got cured and he’d been there for years and years and years and somebody always beat him to the pools over whoa It’s Me Right Jesus coming along and said hey boy what’s the matter right uh you want to get well well get up right right yeah I I definitely think it’s this idea that you need to know that you have a problem yes and let let me I’m gonna say something that I tell to a lot of my clients and tell me if I’m accurate here it’s whether you’re an investor whether you’re an entrepreneur whether you’re a family whether you know the list goes on and on everyone has a need whether it’s to invest money whether it’s to buy cars whether it’s to invest in their business or maybe buy a real estate property or whatever and the infinite banking concept literally shows them a better way to do what they’re currently doing sure and and you have you have a chapter in your book about it’s not about the rate of return that’s again that’s noise you want to talk a little bit about noise because that’s one well that’s the thing out there you uh uh get the uh doctors together at the doctor’s Lounge you get the businessmen together it’s a country club with these friends and so forth uh and say let’s talk about some financial and I guarantee you that they’ll end up talking about getting the higher rate return on whatever and that’s not what it’s about at all it’s not what it’s about well it’s about it who is the bike ran your life right and the very simple thing is that don’t be afraid okay first of all you got to learn to think long range yes uh you know this Earthly existence is training camp for the Eternal uh it’s not just a day-to-day uh uh activity out there and that’s it uh this is a lifetime of learning how to put first things first your relationship with the maker yeah uh now I think long range don’t be afraid to capitalize good grief anybody knows that the uh more Capital you put into a business the stronger it is but you see uh most people want to put a little bit into get the highest rated Turner on that little bit of it’s all back up well that’s absurd yeah that’s faulty thinking all right now the next thing is that uh when you start using your system there to get rid of the banks I.E do business with yourself rather than Banks out there uh you got to make sure that you pay loans back and so forth and uh the last uh item is that you gotta rethink your thinking as time goes by that this is a work in progress and uh as time goes by you see things that you never saw before well they’re always there but good grief right think of everything at one time this is not a bill that you take and that’s all over I have to worry about it anymore right my uh my reading list got 10 times bigger since this morning thanks to you well if you read all those books on my website uh there uh uh there’s about uh I think it’s 380 books I believe anyway you get through reading all those and you have one PhD in Austin economics one PhD in history there is no way that you can study economics without studying history and see the foolish things that people have done down through the years right and uh mostly uh it ifs uh the faulty thinking is resulted in Wars right uh that’s what statism is all about right uh and uh the uh Converse is true with free contract with other free people because both property of both parties win in a transaction